Exemptive, No-Action, & Interpretative Letters for CFTC.gov.
Posted: Fri Mar 29, 2013 12:53 pmExemptive, No-Action, & Interpretative Letters for CFTC.gov.
http://links.govdelivery.com/track?type=click&enid=ZWFzPTEmbWFpbGluZ2lkPTIwMTMwMzI5LjE3MjA2NDkxJm1lc3NhZ2VpZD1NREItUFJELUJVTC0yMDEzMDMyOS4xNzIwNjQ5MSZkYXRhYmFzZWlkPTEwMDEmc2VyaWFsPTE3NDc5ODAzJmVtYWlsaWQ9amltdGFrZWRhQGdtYWlsLmNvbSZ1c2VyaWQ9amltdGFrZWRhQGdtYWlsLmNvbSZmbD0mZXh0cmE9TXVsdGl2YXJpYXRlSWQ9JiYm&&&100&&&http://www.cftc.gov/LawRegulation/CFTCStaffLetters/index.htm
The following letter has been added:
13-03; Commission Regulation 3.3; No-Action; March 28, 2013;
The Division of Swap Dealer and Intermediary Oversight (DSIO) issued a no-action letter providing certain futures commission merchants (FCMs) with limited relief surrounding the requirement that chief compliance officers of such FCMs prepare and submit an Annual Report, pursuant to Commission Regulation 3.3. The relief provided in the no-action letter is applicable to all FCMs that: (1) were registered with the Commission as of June 4, 2012; and (2) are not currently regulated by a U.S. prudential regulator or registered with the U.S. Securities and Exchange Commission (Covered Firms). The no-action letter enumerates the subjects that must be addressed in the Annual Report of a Covered Firm for the fiscal year that ends on March 31, 2013. The letter also provides relief concerning the certification that a chief compliance officer must execute with respect to that Annual Report.
13-04; Sections 4d and 4m of the Commodity Exchange Act; No-Action; March 29, 2013;
The Division of Swap Dealer and Intermediary Oversight granted no-action relief from registration as an IB or a CTA to certain affiliates of a swap counterparty and the affiliates’ employees. The letter makes available registration relief to certain persons who would not otherwise be eligible for the relief DSIO previously provided to Agent Affiliates under CFTC Letter No. 12-70 (December 31, 2012). The relief is subject to a number of conditions, including that the swap counterparty be registered as a swap dealer within a specific period of time and conditions similar to those specified in CFTC Letter No. 12-70.
http://links.govdelivery.com/track?type=click&enid=ZWFzPTEmbWFpbGluZ2lkPTIwMTMwMzI5LjE3MjA2NDkxJm1lc3NhZ2VpZD1NREItUFJELUJVTC0yMDEzMDMyOS4xNzIwNjQ5MSZkYXRhYmFzZWlkPTEwMDEmc2VyaWFsPTE3NDc5ODAzJmVtYWlsaWQ9amltdGFrZWRhQGdtYWlsLmNvbSZ1c2VyaWQ9amltdGFrZWRhQGdtYWlsLmNvbSZmbD0mZXh0cmE9TXVsdGl2YXJpYXRlSWQ9JiYm&&&100&&&http://www.cftc.gov/LawRegulation/CFTCStaffLetters/index.htm
The following letter has been added:
13-03; Commission Regulation 3.3; No-Action; March 28, 2013;
The Division of Swap Dealer and Intermediary Oversight (DSIO) issued a no-action letter providing certain futures commission merchants (FCMs) with limited relief surrounding the requirement that chief compliance officers of such FCMs prepare and submit an Annual Report, pursuant to Commission Regulation 3.3. The relief provided in the no-action letter is applicable to all FCMs that: (1) were registered with the Commission as of June 4, 2012; and (2) are not currently regulated by a U.S. prudential regulator or registered with the U.S. Securities and Exchange Commission (Covered Firms). The no-action letter enumerates the subjects that must be addressed in the Annual Report of a Covered Firm for the fiscal year that ends on March 31, 2013. The letter also provides relief concerning the certification that a chief compliance officer must execute with respect to that Annual Report.
13-04; Sections 4d and 4m of the Commodity Exchange Act; No-Action; March 29, 2013;
The Division of Swap Dealer and Intermediary Oversight granted no-action relief from registration as an IB or a CTA to certain affiliates of a swap counterparty and the affiliates’ employees. The letter makes available registration relief to certain persons who would not otherwise be eligible for the relief DSIO previously provided to Agent Affiliates under CFTC Letter No. 12-70 (December 31, 2012). The relief is subject to a number of conditions, including that the swap counterparty be registered as a swap dealer within a specific period of time and conditions similar to those specified in CFTC Letter No. 12-70.